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this post was submitted on 27 Nov 2024
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That is why China and the EU invest so much into green tech. China needs to import a lot of its fossil fuels via ships and the US still has the biggest navy and China would have some problem solving something like the Red Sea Crisis right now. For the EU Russia was a massive wake up call. The only big one who does not see this is the US, which has a lot of fossil fuels.
It's even worse, incentive-wise: The US has a lot of "good" oil, which needs less refinement. They sell that stuff, since it's valuable.
They also pretty much have the best refineries for low-quality oil, which they can buy for cheap.
So, they industry, imports and exports rely on oil.